(from Ferrari Press
Release) Mumbai, May 7th 2008 - The over 13,000-kilometre
Ferrari Magic India Discovery Drive made a triumphant return to
Mumbai this evening, exactly as per the drive programme. The cars
were received at the Gateway of India, close to the starting point
of the drive, in a grand ceremonial flag-in event.

The Magic India
Discovery Drive was another milestone test for the mettle of
Maranello’s flagship GT model. More than 50 journalists took turns
behind the wheels of the two cars along the 13 often extremely
difficult stages spread across India, taking in 57 cities in the
over 70-day tour.
This kind of event is not new to Ferrari, however, as the "China,
Ferrari 15,000 Red Miles" tour of the entire China in 2005 and the
“Panamerican 20,000” tour from Brazil to the USA in 2006 both proved
exceptionally successful too.

To celebrate this latest
achievement of the two Prancing Horse cars, a large group of Ferrari
enthusiasts gathered today at the Gateway of India. Also present was
a large number of journalists to whom President Luca di Montezemolo
sent a special video message. “I want to thank all the people who
made possible this event around some of the most beautiful areas of
the world. The Magic India Discovery team was everywhere warmly
welcomed by the Indian people that showed a great passion for
Ferrari.”, said Mr. Montezemolo. He also stressed that “the two 612
Scagliettis felt right at home on the Indian roads, demonstrating
that Ferrari Grand Tourers not only guarantee top class performance
but also absolute safety and comfort even in the most extreme
conditions.”

This type of test demonstrated once again that modern Ferraris are
cars that can be used in any conditions (as attested by the fact
that the annual average mileage covered by our clients in their cars
has more than doubled in the last decade). Another objective is to
bring Ferrari into closer contact with its fans in the wider public
beyond the tight circle of track enthusiasts.

The 612 Scagliettis
began their epic voyage with just a few absolutely minimal
modifications to ensure their safe passage through some particularly
difficult stretches of terrain. The modifications involved the
addition of a protective underbody made from 4 mm thick
duralluminium rather than the usual plastic and the slight raising
of the suspension to cope with tougher roads. Otherwise they were
both completely regular production cars powered by a 540 hp 65° V12
engine that delivers maximum torque of 60 kgm at 5,250 rpm. Both
cars sported a six-speed F1 gearbox and transaxle transmission too.
To mark the cars’ arrival back at the Gateway of India, Ferrari
would like to extend its thanks to the sponsors that made this great
voyage possible: Shell, also Ferrari’s long-standing partner in F1;
the Tata Group -- Tata Motors for the support vehicles, Taj Hotels
Resorts and Palaces for providing hospitality to the Ferrari team,
and Tata Consultancy Services; the Fiat Group, which supplied Iveco
support vehicles and Fiat cars; Pirelli which provided the tyres;
Alcoa, our strategic partner in the production of the aluminium
chassis’ sported by the entire current Ferrari range; OMR, component
supplier to Ferrari also in F1; Saima Avandero for logistical
assistance. Borsalino, the Piemonte-based world leading hat
manufacturer, also provided the journalists taking part in the tour
with a contemporary version of the classic Pitt Helmet.

Our sponsors

Shell. The Shell
Group has an extensive network of companies in over 140 countries
across the globe. Its activities focus oil, chemical
derivatives,renewable power sources, industrial trading and many
other sectors besides. Shell also manages more than 45.000 petrol
stations, serving over 25 million customers each and every day. For
further information, visit the Shell website at www.shell.com.

Tata Group. The
Tata Group is India’s best-known industrial group with revenues in
2006-07 of US$ 29 billion (Rs. 129,994 crores), the equivalent of
about 3.2 per cent of the country's GDP. Known for its adherence to
business ethics, it is India’s most respected private business
group. The international revenues of the Group in 2006-07 were US$
10.8 billion, contributing to 38% of the total Group revenues. With
over 300,000 employees across 96 operating companies, it is also
India’s largest employer in the private sector. The Tata brand is
recognised as one of the largest homegrown brand in India and the
most respected brand. The Tata Group’s stable of brands also
includes many national and some internationally renowned product and
service brands, including Tata Indica, Tata Indigo, Indigo Marina,
Tata Ace, Tata Magic, Tata Winger, Tata Safari, Tata Indicom, Taj
Group of Hotels (Luxury, Business and Leisure), Ginger, Tata Tea,
Tetley, Tata Salt, Tata Steelium, Tata Shaktee, Tata Tiscon, Tata
Bearings, Titan, Tanishq, Voltas, Westside, Star India Bazaar,
Landmark and Croma. By combining ethical values with business
acumen, globalisation with national interests and, core businesses
with emerging ones, the Tata Group aims to be the largest and most
respected global brand from India, whilst fulfilling its
long-standing commitment to improving the quality of life of its
stakeholders.

Tata Motors. Tata
Motors is India's largest automobile company, with revenues of US$
7.2 billion in 2006-07. With over 4 million Tata vehicles plying in
India, it is the leader in commercial vehicles and the second
largest in passenger vehicles. It is also the world's fifth largest
medium and heavy truck manufacturer and the second largest heavy bus
manufacturer. Tata cars, buses and trucks are being marketed in
several countries in Europe, Africa, the Middle East, South Asia,
South East Asia and South America. Tata Motors and Fiat Auto have
formed an industrial joint venture in India to manufacture passenger
cars, engines and transmissions for the Indian and overseas markets;
Tata Motors also has an agreement with Fiat Auto to build a pick-up
vehicle at Córdoba, Argentina. The company already distributes
Fiat-branded cars in India. Tata Motors’ international footprint
include Tata Daewoo Commercial Vehicle Co. Ltd. in South Korea;
Hispano Carrocera, a bus and coach manufacturer of Spain in which
the company has a 21% stake; a joint venture with Marcopolo, the
Brazilbased body-builder of buses and coaches; and a joint venture
with Thonburi Automotive Assembly Plant Company of Thailand to
manufacture and market pickup vehicles in Thailand. Tata Motors has
research centres in India, the UK, and in its subsidiary and
associate companies in South Korea and Spain.

Taj Hotels Resorts and Palaces. Established in 1903, Taj
Hotels Resorts and Palaces is one of Asia's largest and finest group
of hotels, comprising 60 hotels in 42 locations across India with an
additional 18 international hotels in the Maldives, Mauritius,
Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the
Middle East. From world-renowned landmarks to modern business
hotels, idyllic beach resorts to authentic Rajput palaces, each Taj
hotel offers an unrivalled fusion of warm Indian hospitality,
world-class service and modern luxury. The Taj, a symbol of Indian
hospitality, has recently completed the centenary of its landmark
hotel, The Taj Mahal Palace and Tower, Mumbai. Taj Hotels Resorts
and Palaces is part of the Tata Group, India's premier business
house
Tata Consultancy Services. Tata Consultancy Services is an IT
services, business solutions and outsourcing organization that
delivers real results to global businesses, ensuring a level of
certainty no other firm can match. TCS offers a consulting-led,
integrated portfolio of IT and IT-enabled services delivered through
its unique Global Network Delivery Model, recognized as the
benchmark of excellence in software development. A part of the Tata
Group, India’s largest industrial conglomerate, TCS has over 108,000
of the world's best trained IT consultants in 47 countries. The
Company generated consolidated revenues of US $4.3 billion for
fiscal year ended 31 March, 2007 and is listed on the National Stock
Exchange and Bombay Stock Exchange in India. For more information,
visit the company site at www.tcs.com.

Fiat India
Automobiles Pvt Ltd. Fiat India Automobiles Private Limited (FIAPL)
is a 50-50 Industrial Joint Venture between Fiat Group Automobiles
S. p. A., (Fiat) and Tata Motors Limited (Tata) originally
incorporated on January 02, 1997. The company employs about 650
employees and is located at Ranjangaon in the Pune District of
Maharashtra. The definitive Joint Venture agreement was signed in
October 11, 2007. The board of directors of this company comprises
of five nominees each from Fiat and Tata. The state-of-the-art
facility at Ranjangaon, which is owned by FIAPL is capable of
producing 100,000 cars and 200,000 engines, besides aggregates and
components. The company plans to double the production capacity for
both car units and engines in the next few years. Currently
manufacturing the Palio Stile 1.1 and 1.6 models, premium Fiat cars
such as the Grande Punto and Linea are expected to roll out soon in
the B and C segment from the facility within 2008. The facility will
also manufacture Fiat’s successful 1.3 litre Multijet diesel engines
and 1.2 & 1.4 litre Fire gasoline engine and the C549 transmission,
evolution for the Indian market of the European C510: start of
production of all powertrains is foreseen by first quarter 2008.
Apart from Fiat cars, the facility will also produce Tata passenger
and next generation cars with investment exceeding € 650 Million.
The plant is expected to provide direct and indirect employment to
more than 4,000 people.

Fiat, which holds a 50%
stake in the Company, also owns and controls five internationally
renowned brands:- Fiat Automobiles, Alfa Romeo Automobiles, Lancia
Automobiles, Abarth and Fiat Professional, the makers of renowned
cars such as the Ferrari, Maserati, Alfa Romeo and Lancia besides
the Fiat branded cars.

Pirelli. In terms
of turnover, Pirelli Tyre is the world’s fifth largest tyre
manufacturer with one of the highest levels of profitability in the
entire sector. It is widely acknowledged as one of the reference
companies when it comes to cutting-edge, high performance products.
In fact Pirelli Tyre enjoys a leadership position both in car and
motorbike tyre lines. Pirelli tyres are now synonymous with quality,
driving pleasure and exceptional performance. Through the
consolidation of its own technological skills, Pirelli has built up
solid relationships with the world’s most prestigious car and
motorbike constructors, resulting in the homologation of its
products for use on models produced by every leading car and
motorbike manufacturers. Pirelli Tyre is present in 160 countries
and boasts 25 facilities across four continents as well as five
Research and Development Centres in which it invests 3.7% of its
revenues, the highest percentage in the entire tyre industry.

Alcoa. Alcoa is the
world’s leading producer of primary aluminium, fabricated aluminium
and alumina. It is active in all major aspects of the industry.
Alcoa supplies its products to the aerospace, automotive,
industrial, packaging, building and construction, and commercial
transportation sectors, offering its clients access to its broad
array of design, planning and production skills. In addition to
manufacturing aluminium products and components (including
laminated, extruded hard alloy and forged products), Alcoa also
sells Alcoa® wheels, fixing systems, precision and lost wax
castings, and architectural structures and systems. Alcoa is present
in 44 different nations employing workforce of 107,000. It was
recently named one of the world’s most sustainable companies at the
World Economic Forum in Davos, Switzerland. For further information,
visit the company site at www.alcoa.com.

OMR. The OMR (Officine Meccaniche Rezzatesi) Group is one of
the world’s leading automotive and industrial vehicle component and
systems manufacturers with 11 production facilities in Italy,
Brazil, Morocco, China, India and Argentina. Since its foundation in
1919, the OMR Group (which employs a workforce of 2,000) have grown
has grown to such an extent, combining technology, innovation and
design, that it now leads its sector. OMR and Ferrari began working
together in 1978 and together they have worked towards on shared
goals, present and future, driven by a team work ethic and a
constant thirst for exciting new technologies.

Saima Avandero.
Saima Avandero is Italy’s leading international transportation and
integrated logistics company. It is part of the ABX LOGISTICS Group
and boasts a wide international network with bases in no less than
35 countries. Saima Avandero is an exceptionally reliable partner to
business focused on meeting the needs of its clients. Its strongest
point is its skill in planning and delivering “tailor-made” services
whose quality is second to none. A consummately professional
approach and a wide range of skills in logistical support,
organisation and information technologies are the secrets to its
success and complement the international transportation and delivery
services it offers.

With the support
provided by Borsalino, the Italian company founded in 1857, world
leader in the production of hats.